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The European Central Bank (ECB) has laid the foundation for the criteria it would be considering when harmonising the licensing requirements for crypto in Europe.
central bank, MiCA, crypto asset, digital assets, regulation
The European Council has updated the rules on information accompanying the transfers of funds by extending the scope of those rules to transfers of crypto assets.
regulation, digital assets, crypto, fraud management
The EU Council Presidency and European Parliament have informally agreed on the introduction of mandatory biometric national identity cards.
EU, biometrics, national ID, cards, The EU Council Presidency, European Parliament, fingerprints, security, contactless chip
The European Parliament and the Council reached a political agreement that will make cross-border payments in euro cheaper across the entire EU.
European Parliament, Council, cross-border payments, Europe
Luxembourg has recently taken over the rotating Presidency of the Council of the European Union from Latvia and presented its near future priorities, stressing that ecommerce is chief concern on its agenda.
Europe, EU, EC, ecommerce, priority, Luxembourg Presidency, online sales, regulation, agenda
EU rules on payment services will be updated to improve security, widen consumer choice and keep pace with innovation under an a recent deal struck by Economic and Monetary Affairs Committee MEPs and the Latvian Presidency of the Council.
EU, regulators, MEP, EMAC, regulation, rules, security, consumer choice, innovation, fintech, Latvian Presidency
The Italian Presidency of the EU Council will have to delay Data Protection reforms holding to the ecommerce sector at the next meeting of the Justice Ministers on 4 December 2014.
cross-border, EU, agreement, delay, data protection, rules, position, Council, Italian Presidency
The Council of Ministers have revealed plans to tighten rules on the authentication of payments made via mobile wallets.
EU, ministers, rules, authorisations, payments , mobile apps, digital identity, online security